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IMPLEMENTATION OF PROGRAMS TO SUPPORT BUSINESSES AFFECTED BY TARIFFS

The federal and Quebec governments have implemented several programs to support businesses affected by the tariffs imposed by President Trump's administration.

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Here is a list of the main programs available:

IN QUEBEC

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The financial assistance takes the form of a loan, with a maximum term of 7 years and a capital repayment moratorium of up to 24 months. The interest-bearing loan can reach a maximum amount of $50,000,000.

For interventions exceeding $10M, eligible expenses correspond to the liquidity needs of businesses resulting from the imposition of U.S. tariffs on their exports, which came into effect on March 4, 2025, established on a pro forma basis.

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For interventions of $10M or less, eligible expenses correspond to a maximum of 25% of the revenue generated from exports to the United States for the last completed fiscal year.

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The Quebec government will enhance its financial aid in the form of an interest-free repayable loan and may grant non-repayable contributions to businesses presenting investment projects exceeding $10 million that stand out in terms of productivity.

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Companies established in Quebec with solid experience in markets outside Quebec and offering a product or service with potential in the target market are eligible, provided that:

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  • The projects do not lead to offshoring in Quebec (job losses, factory closures, etc.).

  • The projects comply with international trade rules (agreements and others).

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Other conditions may apply. Start-up businesses are excluded.

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Although not directly related to recent tariff measures, this initiative encourages investments and fosters innovation and sustainable productivity to stimulate business growth.

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Your business may benefit from a six-month deferral for the repayment (capital and interest included) of financing granted under the Local Investment Funds (FLI).

Contact the MRC, the municipality office, or the organization responsible for managing the FLI in your area.

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The call for projects "Training for Resilience and Employment Competitiveness" aims to allow businesses affected by tariffs or the threat of tariffs to develop the skills of their workforce.

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CQI offers its expertise to businesses in the region regarding tariff-related issues and assists them in exploring new markets with a focus on diversification.

IN CANADA

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The Department of Finance has established a process allowing Canadian businesses to apply for exceptional assistance to cover the customs duties imposed as part of Canada’s response to the United States.

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A $6 billion envelope is dedicated to reducing financial barriers for Canada’s agricultural and agri-food industries, offering low-interest loans to businesses affected by tariffs, and allowing employees to receive employment insurance benefits if they agree to reduce their working hours and share available work, while employers commit to retaining their staff.

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